Political expert: Ukraine's state budget to get out of the red through gambling legalization

Political expert: Ukraine's state budget to get out of the red through gambling legalization

Political analyst, Alexei Jakubin, believes that gambling business legalization will definitely improve the situation in Ukraine by covering the general government deficit and fighting more affectively against shadow business, together with many other benefits.

According to the expert, local gambling business is continuously developing in all circumstances. But for now, gambling companies are considered as illegal organizations. Consequently, there has been observed a formation of shadow monopoly structure, which is most often behind deputies and entire ministries. The legalization of gambling will address several issues at once:

  • gambling activities will step out of the shade and it will become easier to fight against underground companies and fraudsters;
  • the state budget will receive another flow of funds to help plug the "holes" of the retirement fund and the education sector;
  • moreover, it will bring new jobs to the country.

Jakubin stressed that it was important to launch special campaigns to be financed by gambling market players.

In April, the Ukrainian government promised the International Monetary Fund to legalize gambling next year.

 

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